Bawan Co 2022 AR2
The report highlights Bawan Company's performance and strategic progress for the fiscal year 2022. Despite global economic challenges, including supply chain disruptions and rising interest rates, the company achieved a 12.5% increase in revenues to SAR 3.63 billion and a 16.4% increase in operating profit. Bawan continued to expand its investment portfolio, notably in the concrete and electrical industries, which saw revenue growth of 52.88% and 35.55% respectively. The company also advanced its sustainability agenda, aligning with Saudi Vision 2030 and the UN Sustainable Development Goals, and implemented a comprehensive ESG materiality framework covering 18 priority issues.
Company: Bawan Co
Sector: Manufacturing
Country: Saudi Arabia
Year: 2022
Type: AR2
Pages: 100
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Bawan Co
Annual Report
The report highlights Bawan Company's performance and strategic progress for the fiscal year 2022. Despite global economic challenges, including supply chain disruptions and rising interest rates, the company achieved a 12.5% increase in revenues to SAR 3.63 billion and a 16.4% increase in operating profit. Bawan continued to expand its investment portfolio, notably in the concrete and electrical industries, which saw revenue growth of 52.88% and 35.55% respectively. The company also advanced its sustainability agenda, aligning with Saudi Vision 2030 and the UN Sustainable Development Goals, and implemented a comprehensive ESG materiality framework covering 18 priority issues.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available